IGO Ltd (igo) Logo

IGO Ltd (IGO)

___:___ · Basic Materials
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IGO Chart

Snapshot

IGO's Principal Activity is the nickel, copper and cobalt mining and processing at the Nova Operation and ongoing mineral exploration in Australia and overseas.

Share Price Activity

Last (Price)
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Bid / Ask -
Volume
Volume (4w avg)
Turnover
Open
Day Range -
VWAP
Prev Close
Last Trade

Performance

1 Week
1 Month
2021 YTD
1 Year
vs Sector (1yr) +98.84%
vs ASX 200 (1yr) +91.33%

Size

Market Capitalisation
ASX Rank 73 of 2,375
Sector Rank 13 of 829

Key Fundamentals

Shares Issued
Sector Basic Materials
Similar Companies PLS / EVN / LYC
EPS $0.809
DPS $0.10
NTA per share $4.30

Broker Consensus

Breakdown 10 Buy · 5 Hold · 2 Sell
Recommendation Buy
Last Updated 04/10/21

Announcements

Date Heading Pages File Size Time

Corporate Overview

IGO Limited (IGO, formerly Independence Group NL) is a mineral exploration company focusing on nickel, copper and zinc mining in Australia. The Company's focus is on Nova nickel-copper-cobalt operation and its portfolio of exploration projects in Western Australia, Northern Territory, South Australia and Greenland.

Incorporation Details

Incorporated in WA in May 2000. Name changed to Independence Group NL on 29/12/2003.

Corporate Details

Head Office South Perth WA 6151
Website www.igo.com.au
Registry Computershare
Auditor BDO
Date Listed 17 Jan 2002

Upcoming Calendar (Forecasted)

Date Event
27/01/2022 Report (Quarterly)
27/01/2022 Report (Interim)
27/04/2022 Report (Quarterly)
27/07/2022 Report (Quarterly)

Dividend History

DPS and Yield calculations use the Pay Date.

Ex-Date Amount Franking Gross Type Payable
07/09/2021 $0.10 100% $0.1429 Final 23/09/2021
10/09/2020 $0.05 0% $0.05 Final 25/09/2020
13/02/2020 $0.06 0% $0.06 Interim 28/02/2020
12/09/2019 $0.08 97% $0.1133 Final 26/09/2019
14/02/2019 $0.02 100% $0.0286 Interim 01/03/2019
13/09/2018 $0.02 100% $0.0286 Final 27/09/2018
12/03/2018 $0.01 100% $0.0143 Interim 28/03/2018
06/09/2017 $0.01 100% $0.0143 Final 22/09/2017
09/03/2017 $0.01 100% $0.0143 Interim 27/03/2017
07/09/2016 $0.02 100% $0.0286 Final 23/09/2016
28/09/2015 $0.025 100% $0.0357 Final 15/10/2015
04/03/2015 $0.06 100% $0.0857 Interim 20/03/2015
12/09/2014 $0.05 100% $0.0714 Final 30/09/2014
05/03/2014 $0.03 100% $0.0429 Interim 28/03/2014
06/09/2013 $0.01 100% $0.0143 Final 27/09/2013
13/03/2013 $0.01 100% $0.0143 Interim 29/03/2013
12/09/2012 $0.01 100% $0.0143 Final 28/09/2012
06/03/2012 $0.02 100% $0.0286 Interim 23/03/2012
09/09/2011 $0.03 100% $0.0429 Final 30/09/2011
03/03/2011 $0.04 100% $0.0571 Interim 18/03/2011
09/09/2010 $0.03 100% $0.0429 Final 30/09/2010
02/03/2010 $0.02 100% $0.0286 Interim 18/03/2010
11/09/2009 $0.03 100% $0.0429 Final 29/09/2009
26/02/2009 $0.02 100% $0.0286 Interim 17/03/2009

See Upcoming Dividends for all ASX companies.

Key Data
DPS(TTM) $0.10
Gross DPS(TTM) $0.1429
Dividend yield
Gross yield
Payout Ratio 56%
DRP No
DRP Features -

Directors & Management

Directors & Management

Name Title Since Bio
Mr Michael Nossal Non-Executive Director,Non-Executive Chairman Dec 2020 Director Bio icon

Mr Michael Nossal

Non-Executive Director,Non-Executive Chairman

Mr Nossal is a senior mining executive with 35 years' experience in gold, base metals and industrial minerals. His executive career focused on strategy and business development, and he led significant M&A and internal growth initiatives for several companies, most recently Newcrest Mining Limited and MMG Limited. He has international experience and his executive and nonexecutive roles have included companies listed on the ASX, LSE, HKEX and TSX. As a non-executive, he has further developed his strong interest in the ESG agenda and believes mining companies can and should be a force for positive change in the countries and communities they operate. Other current directorships Non-Executive Chair - Nordgold plc

Dr Xiaoping Yang Non-Executive Director Dec 2020 Director Bio icon

Dr Xiaoping Yang

Non-Executive Director

Ms Yang is a chemical engineer with 30 years' experience in the energy and petrochemical industry with a variety of executive management and board positions at BP. She has a diverse breadth of experience in technology development and innovation with direct experience in solar, hydrogen and energy storage technologies. She also has experience working in the US and Asia and has held general manager roles of joint ventures and Chair positions including downstream and new energy frontier businesses.

Ms Kathleen Bozanic Non-Executive Director Oct 2019 Director Bio icon

Ms Kathleen Bozanic

Non-Executive Director

Ms Bozanic has over 25 years of experience as a finance professional including as Chief Financial Officer/ General Manager of listed and private mining and contracting companies. Ms Bozanic has previously held senior positions with BGC Contracting, Atlas Iron and Mt Gibson and was a Partner of professional services firm, Deloitte. Other current directorships Non-executive Director - Great Southern Mining Ltd and DRA Global Limited

Ms Debra Bakker Non-Executive Director Dec 2016 Director Bio icon

Ms Debra Bakker

Non-Executive Director

Ms Bakker is an experienced financier and investment banker to the resources industry, with 10 years' experience working in London, Chicago and New York in senior roles with Barclays Capital and Standard Bank London Group. Subsequently, Ms Bakker established the natural resources team for Commonwealth Bank of Australia and held a number of senior roles over a 10-year period culminating as Head of Mining and Metals Origination. Other current directorships Non-executive Director - Carnarvon Petroleum Limited

Ms Joanne McDonald Company Secretary Oct 2015
Mr Scott Steinkrug Chief Financial Officer,Joint Company Secretary Oct 2015
Mr Keith William Spence Non-Executive Director Dec 2014 Director Bio icon

Mr Keith William Spence

Non-Executive Director

Mr Spence has over 40 years' experience in the oil and gas industry in Australia and internationally, including 18 years with Shell and 14 years with Woodside. He has served as a Non-executive Director and Chair for listed companies since 2008, working in energy, oil and gas, mining, and engineering and construction services and renewable energy. He chaired the board of the National Offshore Petroleum Safety and Environmental Management Authority for seven years. Mr. Spence has significant experience in exploration and appraisal, development, project construction, operations and marketing. Other current directorships Non-executive Chair - Santos Limited and Base Resources Limited

Mr Peter Buck Non-Executive Director Oct 2014 Director Bio icon

Mr Peter Buck

Non-Executive Director

Mr Buck is a geologist with over 40 years' experience in the mineral exploration and mining industry. Mr Buck has worked with WMC Resources, Forrestania Gold, LionOre and Breakaway Resources in executive management and director positions. He has been a Non-executive Director of Gallery Gold Ltd and PMI Gold. Mr Buck was also a board member of the Centre for Exploration Targeting at The University of Western Australia and Curtin University and is a life member of the Association of Mining and Exploration Companies (AMEC). He brings a strong background in discovery, development and mining of nickel, gold and base metal deposits in Australia and overseas

Mr Peter John Luckhurst Bradford Chief Executive Officer,Managing Director Mar 2014 Director Bio icon

Mr Peter John Luckhurst Bradford

Chief Executive Officer,Managing Director

Mr Bradford is a senior executive with over 40 years' experience in senior leadership roles in the mining industry. This includes significant operational (both upstream and downstream), corporate and board experience in Australia and overseas in mineral sands, nickel, copper and gold. Mr Bradford is a strong advocate of the mining industry as well as the need to promote greater diversity and inclusion, and the next generation of mining leaders. Mr Bradford is President of the Association of Mining and Exploration Companies Inc (AMEC) and Chair of the Curtin University Brighter Futures Scholarship Program.

Matt Dusci Chief Operating Officer N/A
Kate Barker General Counsel and Head of Risk & Compliance N/A
Andrew Eddowes Head of Corporate Development N/A
Sam Retallack Head of People & Culture N/A

Director Transactions

IGO directors must report any change in shareholding to the ASX within 5 business days.

See Director Transactions for all ASX companies.

Date Director Type Amount Price Value Notes
19/11/21 Peter Bradford Issued 151,616 $10.17 $1,541,934 Issue of securities
01/09/21 Peter Bradford Issued 56,087 $9.66 $541,800 Issue of securities
14/07/21 Peter Bradford Issued 175,042 $8.50 $1,487,857 Conversion of securities
14/07/21 Peter Bradford Exercise 175,042 $8.50 $1,487,857 Conversion of securities
28/06/21 Xiaoping Yang Buy +4,000 $5.83 $23,320 On-market trade
23/03/21 Xiaoping Yang Buy +10,000 $4.93 $49,300 On-market trade
03/02/21 Xiaoping Yang Buy +100 $5.39 $539 On-market trade
22/01/21 Peter Buck Issued 3,918 $4.60 $18,022 Rights issue
22/01/21 Peter Bradford Issued 171,756 $4.60 $790,077 Rights issue
22/01/21 Peter Bilbe Issued 7,059 $4.60 $32,471 Rights issue
22/01/21 Keith Spence Issued 2,603 $4.60 $11,973 Rights issue
22/01/21 Kathleen Bozanic Issued 2,079 $4.60 $9,563 Rights issue
22/01/21 Debra Bakker Issued 4,113 $4.60 $18,919 Rights issue
19/01/21 Xiaoping Yang Buy +100 $6.09 $609 On-market trade
18/12/20 Michael Nossal Buy +40,000 $6.40 $256,000 On-market trade
20/11/20 Peter Bradford Issued 253,961 $4.82 $1,224,092 Issue of securities
24/09/20 Debra Bakker Buy +5,000 $4.284 $21,418 On-market trade
24/09/20 Peter Bradford Buy +25,000 $4.27 $106,750 On-market trade
22/09/20 Peter Bradford Buy +25,000 $4.31 $107,750 On-market trade
18/09/20 Peter Bradford Buy +50,000 $4.593 $229,627 On-market trade
09/07/20 Peter Bradford Exercise 227,254 $4.95 $1,124,907 Conversion of securities
09/07/20 Peter Bradford Buy +227,254 $4.95 $1,124,907 Conversion of securities
20/03/20 Debra Bakker Buy +5,602 $3.57 $19,999 On-market trade
18/03/20 Kathleen Bozanic Buy +8,335 $3.56 $29,670 On-market trade
14/02/20 Kathleen Bozanic Buy +3,445 $5.80 $19,981 On-market trade
14/02/20 Kathleen Bozanic Buy +3,445 $5.80 $19,981 On-market trade
21/11/19 Peter Bradford Issued 203,603 $5.97 $1,215,510 Issue of securities
10/09/19 Peter Bradford Sell +140,000 $6.441 ($901,753) On-market trade
10/09/19 Peter Bradford Sell +214,000 $6.441 ($1,378,394) On-market trade

Director Interests

The current holdings of IGO directors.

Director Last Notice Direct Shares Indirect Shares Options Convertibles
Peter Bradford 14/07/2021 N/A 1,320,052 N/A N/A
Xiaoping Yang 30/06/2021 14,200 N/A N/A N/A
Kathleen Bozanic 30/06/2021 13,859 N/A N/A N/A
Debra Bakker 30/06/2021 30,800 N/A N/A N/A
Michael Nossal 30/06/2021 40,000 N/A N/A N/A
Peter Buck 30/06/2021 N/A 26,118 N/A N/A
Keith Spence 30/06/2021 24,728 N/A N/A N/A

Shareholder Info

Top 20 Shareholders

Data supplied by Morningstar and accurate on Aug 20, 2021.

It's not possible to publish a real-time Top 20 Shareholder list. Companies are not obliged to report this data (with the exception of Substantial Shareholders above 5%). If a company chooses to publish the data, it's usually once a year in their Annual Report.

All data is manually compiled so there might be a delay between the Annual Report being published and the data appearing on Market Index (<7 days for ASX 300 and up to 30 days for micro-caps).

Name Shares Capital
J P Morgan Nominees Australia Pty Limited 190,283,784 25.13%
HSBC Custody Nominees <Australia> Limited 184,080,753 24.31%
Citicorp Nominees Pty Limited 86,346,444 11.40%
Yandal Investments Pty Ltd 67,103,153 8.86%
National Nominees Limited 66,268,171 8.75%
BNP Paribas Noms Pty Ltd <Drp> 19,591,386 2.59%
BNP Paribas Nominees Pty Ltd <Agency Lending Drp A/C> 13,415,943 1.77%
Fraserx Pty Ltd 13,415,188 1.77%
HSBC Custody Nominees <Australia> Limited <Nt-Comnwlth Super Corp A/C> 7,845,620 1.04%
HSBC Custody Nominees <Australia> Limited-Gsco Eca 4,971,370 0.66%
Citicorp Nominees Pty Limited <Colonial First State Inv A/C> 3,539,536 0.47%
HSBC Custody Nominees <Australia> Limited - A/C 2 3,493,576 0.46%
Perth Select Seafoods Pty Ltd 3,237,884 0.43%
Argo Investments Limited 3,080,970 0.41%
BNP Paribas Nominees Pty Ltd Six Sis Ltd <Drp A/C> 2,572,263 0.34%
BNP Paribas Nominees Pty Ltd <Ib Au Noms Retailclient Drp> 2,186,210 0.29%
Mr Kenneth Joseph Hall <Hall Park A/C> 2,173,918 0.29%
National Nominees Limited <Db A/C> 2,139,747 0.28%
Perth Select Seafoods Pty Ltd I 2,062,116 0.27%
Amalgamated Dairies Limited 2,004,180 0.26%

Shareholder Distribution

As reported in the most recent Annual Report.

Holding Size 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001+ Total
No. of Shareholders 7,643 5,026 1,175 1,025 111 14,980

Substantial Shareholders

A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. Shares can be held through multiple entities, so the Substantial Shareholders list differs from the Top 20 Shareholders list.

Shareholding changes less than 1% do not require notification to the market. When all “Last Notice” dates are identical, it suggests that no (or minimal) change has occurred since the most recent Annual Report.

Name Last Notice Total Shares Shares Held (%)
T. Rowe Price Associates, Inc. 20/08/2021 60,020,001 7.91
Mark Gareth Creasy 20/08/2021 80,518,341 10.62
FIL Limited and the entities 20/08/2021 45,566,028 6.01
Ausbil Investment Management Limited 20/08/2021 46,764,869 6.17

Shareholders Buying

12 month transaction history compiled from ASX announcements.

Date Name Bought Previous % New %
10-06-21 Ausbil Investment Management Limited 7,587,278 5.17 6.17
03-02-21 Ausbil Investment Management Limited 39,177,591 -- 5.17
02-02-21 Mitsubishi UFJ Financial Group, Inc 38,291,100 -- 5.06
18-12-20 T. Rowe Price Associates, Inc. 242,050 10.11 8.72
18-12-20 Mark Gareth Creasy 3,657,372 13.01 10.81
11-12-20 T. Rowe Price Associates, Inc. 11,436,161 8.23 10.11

Shareholders Selling

12 month transaction history compiled from ASX announcements.

Date Name Sold Previous % New %
05-02-21 Mitsubishi UFJ Financial Group, Inc 38,291,100 5.06 --
26-01-21 Dimensional Entities 29,580,235 5.01 --
09-12-20 Mitsubishi UFJ Financial Group, Inc 30,782,502 5.21 --

Historical Data

Share Price History

Date Close Change %Chg Open High Low Volume Turnover

Historical Data

Year Closing Price Last Trade
2020 $4.87 30 June
2019 $4.72 28 June
2018 $5.14 29 June
2017 $3.15 28 June
2016 $3.28 28 June
2015 $4.17 30 June
2014 $4.35 30 June
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